South Korean Authorities File $78.5 Mn Lawsuit Against Terraform Labs

South Korean Authorities File $78.5 Mn Lawsuit Against Terraform Labs


Coinnounce
2022-05-19 16:38:59

Terraform Labs, the parent company of stablecoins, Terra LUNA and TerraUSD/UST, is under severe scrutiny by the South Korean National Tax Service for tax evasion following the collapse of the cryptocurrencies. According to reports from news outlet Naver, the country’s tax authorities found Terra’s parent companies — The Ancore Company and Terraform Labs — guilty […]